Pet Pig Farm.Marcy wanted to buy Lucy's land and use it to breed small pigs to be kept as pets.Marcy told Lucy that having water on the property was very important.Lucy assured her that a spring ran through one corner of the property.Therefore,Marcy agreed to buy the farm.Although she did not ask Lucy anything about it,Marcy,who loved pigs,assumed that the neighbors would be pleased with the pigs being in the area.In a separate contract,Lucy also agreed to sell Marcy a used truck for $5,000.After the contract for the land sale was entered into,it was discovered that actually the spring did not run through the corner of Lucy's property.The area in which the spring ran actually belonged to a neighbor.Additionally,when Lucy brought Marcy the used truck,Marcy said,"That's not the truck!" It was discovered that Lucy,who had two trucks,thought that Marcy had bought the older truck when Marcy thought she had purchased the newer truck.Marcy was also surprised when she received a petition signed by all surrounding landowners objecting to the presence of the pigs and threatening to sue Marcy for nuisance.Assuming that Lucy fraudulently made a misrepresentation regarding the spring running through the corner of the farm knowing the statement was not correct,considering only the lack of a spring issue,which of the following is true if Marcy does not want to go through with the sale of the farm?

A) Marcy may rescind the contract,and she will recover $10,000 in damages in accordance with the exact statutory amount set by federal law.
B) Marcy may rescind the contract,but she may not recover damages.
C) Marcy may sue for damages regardless of whether she can establish injury,but she may not rescind the contract.
D) Marcy may rescind the contract,and she may also sue for damages if she can establish injury.
E) Marcy may rescind the contract and she may also recover damages,but only nominal damages.

​Ray's Radios believed the synergies between radio production and battery production could be realized if he expanded.However,due to overseeing the battery expansion Ray devoted less time to the radio business leading to the radio unit costs increasing.Ray's Radios is experiencing

A) ​Economies of scale
B) Economies of scope
C) Diseconomies of scale
D) ​Diseconomies of scope

For a misrepresentation to be actionable, it must become a term of the contract.

Which of the following enhances the meaning of your responses and can help support the appearance of professionalism?

A) Your nonverbal behavior
B) Your manner of dressing
C) Your use of filler words such as "uh" and "um"
D) Your time management skills
E) Supplemental material brought to the interview

When Wilson and McCalman argued that leadership for the greater good is ultimately where ethical leadership ought to be directed,they were underscoring which principle of ethical leadership?

A) builds community
B) respects others
C) manifests honesty d .shows justice

A multiplant monopolist can produce her output in either of two plants. Having sold all of her output she discovers that the marginal cost in plant 1 is $30 while the marginal cost in plant 2 is $20. To maximize profits the firm will:

A) produce more output in plant 1 and less in the plant 2.
B) do nothing until it acquires more information on revenues.
C) produce less output in plant 1 and more in plant 2.
D) produce less in both plants until marginal revenue is zero.
E) shut down plant 1 and only produce at plant 2 in the future.